average daily global FX turnover
Over-the-counter foreign exchange markets averaged $9.6 trillion a day in April 2025.
Source: Bank for International Settlements, Triennial Central Bank Survey, September 30, 2025 →Reference page
Forex Market Statistics
A source-linked snapshot of the global currency market, built for learners, writers, and anyone who wants the numbers before the noise.
Last updated September 1, 2026. Market figures below retain the date of the survey or report that published them.
What this page measures
Foreign exchange is larger and more institutional than most new traders realize.
These figures describe over-the-counter foreign exchange activity reported through the Bank for International Settlements and the Foreign Exchange Committee. They measure market turnover, not the outcomes of individual retail traders or the value of open positions.
Use the linked source under each statistic when you need the original report, its definitions, or the survey method behind a number.
growth since the 2022 global survey
Average daily turnover rose from $7.5 trillion in April 2022 to $9.6 trillion in April 2025.
Source: Bank for International Settlements, Triennial Central Bank Survey, September 30, 2025 →daily spot-market turnover
Spot FX accounted for 31% of global turnover in April 2025.
Source: Bank for International Settlements, Triennial Central Bank Survey, September 30, 2025 →daily FX-swap turnover
FX swaps remained the largest instrument category, representing 42% of global turnover in April 2025.
Source: Bank for International Settlements, Triennial Central Bank Survey, September 30, 2025 →daily outright-forward turnover
Outright forwards represented 19% of global turnover in April 2025.
Source: Bank for International Settlements, Triennial Central Bank Survey, September 30, 2025 →of FX trades involved the U.S. dollar
Because each trade has two currency sides, currency shares add to more than 100%.
Source: Bank for International Settlements, Triennial Central Bank Survey, September 30, 2025 →shares for the euro, yen, and sterling
These were the next three most-traded currencies after the U.S. dollar in April 2025.
Source: Bank for International Settlements, Triennial Central Bank Survey, September 30, 2025 →top currency pairs involved the U.S. dollar
The ten most-traded currency pairs in the global survey all included the U.S. dollar.
Source: Bank for International Settlements, Triennial Central Bank Survey, September 30, 2025 →daily turnover with other financial institutions
That category made up 50% of global FX turnover in April 2025.
Source: Bank for International Settlements, Triennial Central Bank Survey, September 30, 2025 →of trading passed through four financial centers
Sales desks in the United Kingdom, United States, Singapore, and Hong Kong accounted for three quarters of global FX trading in April 2025.
Source: Bank for International Settlements, Triennial Central Bank Survey, September 30, 2025 →average daily North American FX turnover
The April 2026 North American survey covered spot, forwards, swaps, and options reported by 20 leading institutions.
Source: Foreign Exchange Committee, North American FX Volume Survey, April 2026 →Methodology and sources
How to read these numbers.
The global figures come from the Bank for International Settlements Triennial Central Bank Survey, a survey of over-the-counter foreign exchange activity conducted in April 2025. The North American figure comes from the Foreign Exchange Committee's April 2026 volume survey.
- Bank for International Settlements, Triennial Central Bank Survey, published September 30, 2025 →
- Foreign Exchange Committee, North American FX Volume Survey, April 2026 →
Cite this page
Trading Friends Forex Education Center. “Forex Market Statistics.” Updated September 1, 2026. https://tradingfriends.org/forex-market-statistics
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